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Fisker about to be bought by Volvo’s Chinese owner Geely?

It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.

Aston Martin and AMG confirm partnership on new V8 engine

Aston Martin and AMG working on new V8 engines The collaboration deal between Aston Martin and AMG has moved to another level with the announcement that the two companies are working on a new V8 engine for Aston Martin. Aston Martin and AMG signed a letter of intent in July to kick off their technical partnership, and the news the companies are working together on a new V8 engine – which will probably first be seen in a new V8 Vantage – is the first fruits of the deal. A statement from AML and AMG said they are planning to expand their agreement to work on sharing electronic components and will “investigate additional areas of operation”.

Detroit auto show: Ford pumps up the 2011 Mustang GT with 412 hp

To Ford Mustang fans, 5.0 has a special place in their hearts and Ford has delivered a new car for them to love: the 2011 Mustang GT. The 5.0-liter V8 Mustang GT will deliver 412 hp and 390 lb-ft of torque. The engine produces 83 hp per liter yet will return 25 mpg on the highway and 17 mpg in the city, according to Ford marketing boss Jim Farley.